SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Panasonic to sell Sanyo's digital camera division

[December 11, 2012]

Panasonic to sell Sanyo's digital camera division

(Japan Economic Newswire Via Acquire Media NewsEdge) OSAKA, Dec. 12 -- (Kyodo) _ Panasonic Corp. is in final talks to sell the digital camera division of its subsidiary Sanyo Electric Co. to Japanese investment fund Advantage Partners LLP, industry sources said Wednesday.


The move comes as the division's earnings have deteriorated on the diffusion of smartphones, they said. The sale price is estimated at several hundred million yen.

In charge of the division is Sanyo DI Solution Co., which produces digital cameras under brands of multiple customers on an original equipment manufacturing basis.

Panasonic plans to sell a 100 percent stake in Sanyo DI and its Indonesian plant to Advantage Partners. Sanyo DI employees may be transferred to other companies within the Panasonic group or taken over by the investment fund, the sources said.

(c) 2012 Kyodo News International, Inc.

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy